Guys,
Just wanted to post an 'end in sight' to this saga. I got the car to start tonight. I thought about the oil draining out (remember from the beginning) Thought about what it could do. Re-thought about the timing belt skipping teeth - well it did, about 6 to be exact. Anyway, I am assuming that the cams were starved for oil, and seized. When this happend it forced the belt tensioner down and loosend the belt. (this engine has a fixed tensioner and no damper like our PT's) Also caused a no spark, I'm assuming because it confused the computer due to the cam and crank sensors being out of sync. I don't think that there are any bent valves, compression still looks good, and it starts. But, it still runs a little rough, may just be the computer needing to re-learn, and I really can't tell if there is any major damage until I drive it - we shall see. Bottom line is, thanks everyone for the help - you guys are the best!